Short Interest in Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS) Increases By 7,025.0%

Posted by ABMN Staff on Apr 27th, 2024

Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS – Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 57,000 shares, a growth of 7,025.0% from the March 31st total of 800 shares. Based on an average daily volume of 43,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.3% of the company’s stock are sold short.

Pegasus Digital Mobility Acquisition Stock Performance

PGSS stock opened at $10.99 on Friday. Pegasus Digital Mobility Acquisition has a 52-week low of $10.00 and a 52-week high of $11.50. The stock’s 50 day moving average is $11.18 and its two-hundred day moving average is $11.11.

Institutional Investors Weigh In On Pegasus Digital Mobility Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Spartan Fund Management Inc. purchased a new stake in Pegasus Digital Mobility Acquisition during the 4th quarter worth approximately $398,000. K2 Principal Fund L.P. purchased a new stake in Pegasus Digital Mobility Acquisition during the 4th quarter worth approximately $586,000. Quarry LP increased its holdings in shares of Pegasus Digital Mobility Acquisition by 1,443.6% in the 4th quarter. Quarry LP now owns 130,000 shares of the company’s stock valued at $1,436,000 after acquiring an additional 121,578 shares during the last quarter. Linden Advisors LP acquired a new stake in shares of Pegasus Digital Mobility Acquisition during the 3rd quarter valued at approximately $2,462,000. Finally, Mizuho Securities USA LLC acquired a new stake in shares of Pegasus Digital Mobility Acquisition during the 3rd quarter valued at approximately $2,561,000. 46.03% of the stock is currently owned by hedge funds and other institutional investors.

About Pegasus Digital Mobility Acquisition

(Get Free Report)

Pegasus Digital Mobility Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify potential business combination targets in the transportation sector.